St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-06
The COMMERCIAL RECORD.
On the Chicago Board Of Trade the Mar
kets Were Somewhat Wild and
Woolly.
Hiuher Prices Ruled, and the Country
Producers" We're Buying
Briskly.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

pJain and provision markets this morning
The gentleman from Pine Hook spit on ms
hand Yesterday and otherwise reinforced MS
grin. and this morning he was on deck bright
and early. ready for business. Everything
closed rather nervous and shaky on Satur-
dav: everything opened this morning full OF
fig. an dsparkle and snap, and higher prices
Yuled Nav wheat started off at S64c ana
went TO S67sc within an hour, sheer cllmb
of l4c from Saturdays last quotations. Jan
nary wheat sold up to soc. May corn, when
closed 'toppy' at SOC on Saturday, opened
at $3.50 and sailed TO 567sc. January lardaI
S757ls. and January ribs at $50. Inc
market nausea after the first grand squirt
around the opening, but when the visible
supply statement was announced fresh I'M
netus was given speculation. The weeks
changes are as follows: Wheat, S9S,o15 bu
increase: corn, 500. 143 bu decrease; oats,
5000 bu decrease; rye, 40, S7S bu decrease;
barley. so. 763 bu decrease. Local stocks III
clude 4 33I 76l bu wheat !, 0S5, 137 bu corn,
I.17I. 800 bu oats. 30,647 bu rye, and 34o,-
673 bu barley: a total of about : ,OOO.OOO Oh.
Wheat and corn, which had receded l2c from
the top prices, again scared, and there was
immense activity in the pits. The increase
III wheat was below anticipatiOns, and the
decrease in corn was Unexpectedly large.
The smallness of total stocks of corn, only
23OO,O 600 bushels is filling the bears with
alarm The advance of nearly zoe bushel
has not increased the movement IN the
slightest. Receipts for to-day at this point,
which is the principal corn market, footed
mp $50 cars and the estimates for tomorrow
are only 800 cars. Liverpool is quoted as
strong and higher on corn. and New York is
exceedingly bullish. Indeed New York is
now leading the advance in that cereal, and
is reaching out greedily for corn to fill actual
shipping requirements. The countryis hold
ing back astonishingly, and at many points
in the remote interior cash corn is selling to
feeders at full May prices quoted here. The
excitement i'll wheat was intensified by
dispatches from New York to the effect that
Jones, Mccormick & Kennett had just com
pleted the purchase of 200 boat loads,
1000 900 bushels of wheat in that market
to-day and that the same quantity had been
purchased on each of the last preceding i've
days by the same firm, making its acquisition
nearly 10000. 900 bushels. The grain mer-
chants of Gotham are represented to be fear
full of Il corner. From this same New York
source it is learned that Ream is long $780,
600 bushels in this market, and the profess
SIGNALS are going TO assist the country IN
twisting off the tails of the bears right be-
hind the ears. High water mark for the day
was reached early in the day. Toward the
close the market receded sharply, and the l
o'clock range was nearly lie off on wheat
Corn, too, was lower, and provisions suffered
sympathetic declines. Provisions are in
fuenced greatly by corn these days. During
the last forty minutes of the long session
there was enormous realizing, several lines
Of wheat and corn being sold out and profits
taken in.
THE ROUTINE REPORT.
Chicago. Dec 5.-On cha ge to-day when
business began all the grades were higher
and the advance held when business was
officially begun. May wheat, which closed
Saturday at $3.50 S5s4c, opened at S614c and
speedily sold 10 S6l2c; May corn, which
closed at SOC opened at 55Ssc and ten min
utes later sold at 557Sc. Provisions were
higher on light receipts of hogs. May pork
opened Zoe higher than last weeks close at
1880. Corn and provisions developed INTO
sensational markets in the first half hour
after opening. The country set the pace and
the buying of shorts made the advance still
more rapid. May corn did not have single
setback between 557sc and 5I7sc, the latter
figure being reached by 10 clock When it
reached this figure the crowd began to realize
that the advance could not always continue,
and began TO sell, 1t reacted speedily to
iJ6l2c, but there was a strong under
tone 20 the market and a further
decline would have encountered stubborn
resistance. Pork was even more exciting
than corn. The combined effect OF the light
receipts. cold weather, shorts covering and
the advance in corn, WAS To shoot values up
rapidly. January pork. which opened at
Sl497I2. against a close Saturday of
S1L75l2, sold up TO $3.50 without a halt,
and May At the same time went to Sl5.9I l2.
When the breaki in corn came there was ali
easing off of Values May wheat went up TO
$500 S6TSc. but reacted with the other mar
Eets The usual Monday gossip about the
visible grain supply did not make its appear
ancc until the morning rush of business was
over Then it was determined by the ex-
perts that the visible would show at least l.
600. 600 bu. increase in wheat and on this
the market sold off sharply. May wheat went
back to S64c and held in the
vicinity of S6ssc until the an
nouncement of only S99,GOO br
increase was made, when il went up to S634c
This figure was too high, apparently, and il
reacted TO S612c. where it became quite
steady. May corn went back from 561Sc to
Soc. 1t was the natural reaction from an UNI
natural advance There proved 10 be toe
MANY BUYERS at the lower figure, however
and when decrease of $4,000 bu i'll the
visible was announced May went back again
10 565sc and around 56l2c became quite
steady. When corn and wheat went bach
provisions also declined. May pork solo
from Sl5.91l2 down to $3.50 and Januar!
pork from $l5.30 back TO SI5 .01l2. The
leading futures closed as follows: MAY
wheat S5I26 S55sc; May corn, 55S4c asked
May oats. Sac: January pork, Sl4.S5: Jan
nary lard, S7.47l2c bid; January short ribs
S1.62l2 bid.
THE QUOTATIONS.
The leading futures ranged as follows
Wheat-No =. December, opening at 79Ac
closing al TSl4c: January, opening at I944c
closing at 1ss4c; February, opening at S0i4c
closing at 79l2c: May, opening at S6Ac. clos
ing al S5I2c. Corn-N0. ., December, open
ing at 5Ol4c, closing at 50l2c; January, open
ing at 50l2c. closing at 50ssc; February
55s4c Oats-No. 2. December, opening a
31c, closing at Bic: January, opening q
3llac. closing at 81 &c; February, opening q
30Stc closing at 30lac: May, opening 8
34c closing a: Sic. Mess Pork, per Dbl
january. opening at S14.97I2, closing a
$i4S5: February, opening at Sl5.l5, closin
at $15; May. opening at $3.50, closing q
$3.50. Lard. per loo lbs-December. clio:
Jug al $40; January opening at SAT-:
closing at STATE February. opening at 81 Is
closing at S7.57I2: May, opening al S1.Ss
closing at S7.S7L2. Short Ribs per 100 lbs
January, openingat s.: I2l2. closing at 81 62lz
March. opening at S7.92l2, closing at ST.sj
May opening at s.. Is, closing at $500
cash quotations were as follows: Flou
firm at former quotations Wheat-NO.
spring, 7sss@ 7Sz4c; No. 3 spring, 69l2c bio
No red. S0l2c. Corn-NO. 2, 5OS4c. Ga
No. .. Sic. Rye-No. ,, 59l2c Barley
No. ,. 75c. Flax seed-No: l, s.: 24Q =;
pork, per bbl., S14 500l5. Lard, per 10
lbs s. .1507.5 Short rib sides Goose
S7.G5G7.7O: dry sailed shoulders boxed
S5.9UM6; short clear sldes 4DoXeHl. So.S
GtS.IO Whisky-Distillers' finished good
per gallon 81. 10. Sugars-Cut loaf, IA
TS4c; graduated, 7l2c bid; standard "A
6s4c bid. Receipts-Flour. 10000 Dbl
wheat. $4,000 bu; corn, 81. 900 bu: cat
$1,000 bu; rye, 5000 bu; barley, "a 900 b
Shipments-FIOur. $1,000 bbls: wheat, Is
600 bu: corn, I04. 900 bu; oats. $4,000 bI
rye 1000 bu; barley. 81 900 bu. On IL
produce exchange to-day the butter mark
WAS steady: fancy creamery. 2Sl2Q30
faEev dairy. o1d20c- Eggs, Elise.
z. M. NEWPORT & SON,
fuvecf11enf RnUkere